-The Indian Express Return of food inflation may not allow RBI to further slash interest rates but opens up room for delayed reform Retail food inflation crossing 10 per cent, the first time in nearly six years, isn’t good news for an economy already mired in a deep slowdown. The suddenness of the increase (from under 3 per cent in August to 10 per cent-plus in November) and the fact that the...
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Wholesale inflation tames to 0.58 per cent
-The Hindu Business Line Consumers bore brunt of more expensive onion, potato and vegetables Wholesale inflation fell to 0.58 per cent in November 2019, down from 4.47 per cent in November 2018. Sequentially, wholesale inflation reported an increase, rising from 0.16 per cent in October 2019, according to a statement by the Ministry of Commerce and Industry. Please click here to read more. ...
More »Prices high, govt to buy 11,000 tons of onion from Turkey
-The Indian Express Last month, the Union cabinet approved importing 120,000 tonnes of onions to improve the domestic supply and control prices that have skyrocketed to Rs 75-120 per kg across major cities. New Delhi: Amid skyrocketing prices of onions, the Union Ministry of Consumer Affairs, Food and Public Distribution asked state-run MMTC to place an order for the import of 11,000 metric tons (MT) of onions from Turkey. According to sources,...
More »Stockholding restrictions for onion extended indefinitely
-PTI With onion prices continuing to rule high at ?80-90 per kg, the government on Wednesday extended prohibitions on traders from the stocking of edible bulb across the country for an indefinite period. Separately, Food and Consumer Affairs Minister Ram Vilas Paswan did not say by when prices of onion will normalise. “It’s not in our hand, the government is taking maximum efforts but who can win from nature,” he told reporters. Please click...
More »On top of slowdown, prices are now zooming up -Subodh Varma
-Newsclick.in The Modi government seems to have lost all control over the economy – or perhaps, was never in control. The Narendra Modi-led Bharatiya Janata Party government has been proclaiming ad nauseum that it has kept prices of essential items under control throughout its rule since 2014. That the prices of some commodities, especially food items, did not rise constantly is a fact, although for many other commodities, like fuel, prices did...
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